(CFP)

Su Yue, a well-known composer, pleaded guilty on June 20 to contract fraud in the name of a bogus Olympic tour involving 57.46 million yuan ($8.7 million). Su said the money had been spent paying back debt caused by poor management of his own company.

The charge in Beijing Second Intermediate People's Court said, from December 2007 to October 2008, Su forged materials purportedly arranging an Olympic tour to celebrate the 2008 Beijing Olympic Games and defrauded money from two companies and another person using counterfeited contracts. The court hasn't announced the verdict yet.

Su is a senior composer, musician and musical producer. He is a director of the Music Copyright Society of China and a member of the Chinese Musicians Association. During the 1980s, he wrote many popular songs and cultivated many popular singing acts.